Brief: Gabriel North America Buys Mexican Furniture Manufacturer Grupo RYL

Gabriel Holding A/S

15/04/2019 08:37

April 15 (Reuters) - Gabriel Holding A/S  GABR.CO :
    * REG-GABRIEL NORTH AMERICA INC. HAS TODAY ACQUIRED THE
SHARE
CAPITAL IN THE MEXICAN FURNITURE MANUFACTURER GRUPO RYL, S. A.
DE C. V.
    * PRICE FOR SHARES IS AGREED AT APPROX. USD 0.8 MILLION
    * DEBT OF USD 3.0 MILLION TO PREVIOUS OWNERS IS TAKEN OVER
    * FOR ACQUIRED COMPANY, REVENUE FOR REST OF FINANCIAL YEAR
IS
EXPECTED TO BE IN LEVEL OF DKK 20 MILLION

Source text for Eikon:  ID:nGNE7jLsHS 
Further company coverage:  GABR.CO 

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